Indus Towers Ltd. News and Updates

Name: Latest research reports of Indus Towers Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Indus Towers Ltd.
Rating: 3
Author: Motilal Oswal

Keep track of all breaking news on Indus Towers Ltd. from all sources in a single place.

Load latest

Indus Towers Ltd.

13 Dec 2024

339.75

-2.66%

Indus Towers to acquire 26 pc stake in JSW Green Energy Eight for Rs 38 cr

Business Standard

Telecom infrastructure company Indus Towers on Friday said it will acquire a 26 per cent stake in JSW Green Energy Eight for Rs 38.03 crore to procure renewable energy from a solar PV plant. Indus Towers will receive 130 MW of renewable energy from a solar photovoltaic (PV) power plant, according to a regulatory filing. "...the Company, on December 12, 2024, has entered into a Power Purchase Agreement with JSW Green Energy Eight Limited, a special purpose vehicle (SPV), for the procurement of renewable energy from Solar PV plant, under Captive mode. "In connection with this, the Company will also enter into an agreement for a proposed investment of approximately Rs 38.03 crore, through the subscription to equity shares of the SPV..." it said. JSW Green Energy Eight was incorporated in October 2024 to build, develop, own, generate, supply, accumulate, transmit, distribute, store, purchase, and sell electrical power or any other energy by using conventional and/or non-conventional ..

Indus Towers Ltd. is trading below its 50 day SMA of 344.5

Indus Towers Ltd.

05 Dec 2024

339.75

-2.66%

Indus Towers Share Price Jumps As Citi Predicts Strong Dividend Yield Post-Vodafone's Exit

NDTV Profit

Citi maintained its 'buy' rating on Indus Towers, setting a target price of Rs 485 per share.

Indus Towers Ltd. is trading above its 30 day SMA of 336.9

Brokerage Views: Nomura On Rate Cuts, Citi On Indus Towers, CLSA On Persistent Systems And More

NDTV Profit | 05 Dec 2024 2 more

Indus Towers Ltd.

23 Oct 2024

339.75

-2.66%

Indus Towers Q2 Results Review - Provision Recovery Continues Aiding Earnings: ICICI Securities

NDTV Profit

The brokerage maintain Sell rating on the stock, as it feels risk-reward is still unfavorable.

Promoters released all pledges in Dec 2024 qtr.

Indus Towers Ltd.

23 Oct 2024

339.75

-2.66%

to see Rapid results content

Indus Towers Ltd.

23 Oct 2024

339.75

-2.66%

Core performance slightly weaker

Neutral: Indus Towers Ltd.

Target

Motilal Oswal

Indus’ 2QFY25 reported financials came in ahead of our estimate owing to a higher-than-estimated reversal of prior period bad debt provisions (INR10.8b vs. our estimate of INR5b).

Promoters released all pledges in Dec 2024 qtr.

Indus Towers Ltd.

22 Oct 2024

339.75

-2.66%

Indus Towers Q2 Results: Net Profit Rises 72%, Beats Estimates

NDTV Profit

Indus Towers Ltd. posted a remarkable 72% year-on-year increase in net profit, driven by revenue growth and strong collections, significantly outperforming analysts' forecasts.

Indus Towers Ltd. has gained 25.23% in the last 1 Year

Indus Towers Q2FY25 results: Net profit increases 72% to Rs 2,224 cr

Business Standard | 22 Oct 2024

Indus Towers Ltd.

22 Oct 2024

339.75

-2.66%

Provision recovery continues aiding earnings

Sell: Indus Towers Ltd.

Target

ICICI Securities Limited

Indus Towers’ (Indus) Q2FY25 performance was good on two counts: 1) stable net tenancy addition at 4,308 with some benefit already showing from VIL/BSNL rollout; and 2) strong cash collection, including INR 10.8bn collected towards past overdue.

Indus Towers Ltd.'s price crossed below 50Day SMA today

Indus Towers Ltd.

23 Sep 2024

339.75

-2.66%

Indus Towers shares rally 6% after Citi recommends buying the dip, gives Rs 500 target price

Economic Times

Indus Towers Share Price: Shares of Indus Towers rose 6.2% to a day's high of Rs 412.45 on the BSE after global brokerage firm Citi recommended buying the stock on dips, setting a target price of Rs 500 and maintaining a buy rating. Citi indicated that past dues from VI to Indus in Q2 FY25 should ideally increase quarter-on-quarter due to tariff hikes.

Indus Towers Ltd.'s price crossed below 50Day SMA today

Indus Towers Ltd.

12 Sep 2024

339.75

-2.66%

DIT pips Indus Towers to become India's largest mobile tower company

Business Standard

Data Infrastructure Trust on Thursday said it has pipped Indus Towers to become India's largest mobile tower company after acquiring American Tower Corporation's operations in the country. Data Infrastructure Trust (DIT) is backed by Brookfield Asset Management along with affiliates of investors including British Columbia Investment Management Corporation (BCI) and GIC. The firm acquired 100 per cent of American Tower's operations in India comprising the buyout of approximately 76,000 communications sites in India for an enterprise value of Rs 18200 crore or about USD 2.2 billion. "With this acquisition, the Brookfield-led consortium reinforces its commitment to connecting India with an expanded portfolio of 257,000 telecom sites," DIT said in a statement. DIT's Telecom Infrastructure portfolio will be housed under the new brand name Altius. Bharti Group owned Indus Towers had a portfolio of 2,25,910 as of June 30, 2024. ATC India is Brookfield's third acquisition in the Indian .